The online learning platforms have lately been witnessing a massive surge in users due to the government imposed nationwide lockdown. Since the New Delhi called for a nationwide lockdown, physical learning taking place in classrooms of colleges, schools or coaching institutes have come to a halt. While schools are having a tough time to connect…
Spanish HR automation startup Factorial recently announced that it has secured $16 million in Series A funding round led by Silicon Valley-based VC firm CRV. Creandum, Point Nine and K Fund (three of the most successful funds in Europe) also took part in the funding round. All of these have already invested in Factorial’s last…
As the coronavirus pandemic has halted onsite learning at school, colleges and tuition, edtech platforms have been witnessing a surge in their user database. Taking into account the demand of these platforms, investors have been aggressively putting their bets on these platforms. Recently, Noida-based Classplus announced that it is set to go ahead with its…
YourNest Venture Capital, a focused ‘Pre-Series A’ fund house that invests in technology-led, enterprise-driven (B2B) and DeepTech (IoT, SaaS) start-ups, announced that it has launched SOAR, a fast-track funding programme focused on early-stage technology startups, particularly those operating in the deep tech domain. “SOAR is the fast-track funding initiative from YourNest Venture Capital that will…
Nasadiya Technologies Private Limited, doing business as Pratilipi and operates as an online self publishing portal, announced that it has raised about Rs 71 crore in its Series C round, led by Chinese internet giant Tencent, according to documents filed by the Bengaluru-based startup with the Registrar of Companies. According to the filings, Pratilipi’s existing…
Nira, a Bengaluru-based fintech startup offering small-ticket loans to blue and grey-collared workers via its mobile app and website, announced that it has raised a $2.1 million Pre-Series A funding from existing and new angel investors in the UK, Europe, and India. The startup will utilise the funds to add high-quality talent to its team,…
Reliance Industries Ltd (RIL) announced that it has upped its stake in the US-based SkyTran Inc., a venture-funded technology company that is developing pod car transport systems. RIL said in a stock-exchange filing that it has increased its holding in SkyTran to 26.31% from the previous 17.37% on a fully diluted basis. The increase in…
Wagonfly, a Bengaluru-based contactless shopping and delivery experience startup, announced that it has raised around $500,000 funding from Investment Trust of India (ITI) group-led early stage venture capital fund, ITI Growth, and angel investor Manoj Kumar. Raghavendra Prasad, founder at Wagonfly, said the ongoing pandemic caused by COVID-19 will bring a paradigm shift in the…
Northern Data AG, one of the world’s largest providers of high-performance computing (HPC) solutions, announced that it has acquired Montreal-headquartered Kelvin Emtech Group. Post acquisition, Northern Data will push its existing strategy of expansion in Canada and across North America, thus enabling the Company to accelerate its growth considerably. Northern-Data-CEO Aroosh Thillainathan comments on the…
VELO3D, a California-based digital manufacturing innovator, announced that it has raised $28 million in a Series D funding round. New investors Piva and TNSC joined the latest funding round. Existing investors that took part in the current financing round include Bessemer Venture Partners, Playground, and Khosla Ventures. Till now, the company has raised a total…
IIT Mandi Catalyst, a Technology Business Incubator, announced that it has selected nine startups to disburse Rs two crore under the NIDHI Seed Support System programme of the Department of Science and Technology (DST). Selected startups will be needed to spend at least three months in residency at the IIT Mandi to showcase their ideas…
ShareChat, a social networking and regional content platform, announced that it has acquired Memer, a meme discovery and sharing platform. Financial details of the transaction remain undisclosed. Post acquisition, Memer’s product suite will be integrated into Twitter-backed ShareChat, while the eight-member team will join the Bengaluru-based startup. “Today, ShareChat is on a rapid growth path,…
KKR, a global investment firm, announced that it has entered into a definitive agreement with leading infrastructure developer Shapoorji Pallonji Infrastructure Capital to acquire five solar energy assets for a total consideration of Rs15.54 billion (approximately US$204 million). This transaction is the KKR’s second investment in India. The solar energy assets KKR has acquired from…
Venture Capital firm Sequoia Capital India’s recently announced that it has selected 15 early-stage startups from Southeast Asia- and India for its accelerator program Surge’s third cohort. Out of these 15 startups, seven are from India, while one-third of the startups in the batch have women founders. According to an official statement released by the…
B2B SaaS platform Templafy recently announced that it has raised $25mn in its Series C funding round led by global venture capital and private equity firm Insight Partners. With Insight Partners at the helm, the additional funding involved participation from Dawn Capital, Seed Capital, and Damgaard Company, bringing the total external capital raised to almost…